Semiconductor business given £1bn increase in plan to scale back reliance on China

May 19, 2023 at 2:08 AM
Semiconductor business given £1bn increase in plan to scale back reliance on China

T

he UK’s semiconductor business will obtain £1 billion in funding over the subsequent decade as ministers look to make sure the nation isn’t reliant on China for expertise developments.

Prime Minister Rishi Sunak stated the funding, forming a part of the nationwide semiconductor technique, would assist “build our competitive edge on the global stage”.